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Ming Chen started a business and had the following transactions in June. a. Owner invested...

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Accounting

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Ming Chen started a business and had the following transactions in June. a. Owner invested $68,000 cash in the company along with $29,000 of equipment in exchange for its common stock. b. The company paid $2,100 cash for rent of office space for the month. c. The company purchased $10,000 of additional equipment on credit (payment due within 30 days). d. The company completed work for a client and immediately collected $1,600 cash. e. The company completed work for a client and sent a bill for $9,000 to be received within 30 days. f. The company purchased additional equipment for $6,100 cash. g. The company paid an assistant $3,000 cash as wages for the month. h. The company collected $5,300 cash as a partial payment for the amount owed by the client in transaction e. i. The company paid $10,000 cash to settle the liability created in transaction c. j. The company paid $1,100 cash in dividends to the owner (sole shareholder). Required: Complete the table using additions and subtractions to show the dollar effects of the transactions on individual items of the accounting equation

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